Key stats
About Invesco KBW High Dividend Yield Financial ETF
Expense ratio
2.02%
Home page
Inception date
Dec 2, 2010
KBWD seeks to provide exposure to the financial sector in the US. Aside from selecting stocks with competitive dividend yields, the fund also follows a modified dividend-weighting methodology. This focus on high-dividend stocks tilts KBWDs portfolio materially away from the broad financials market. It also excludes industry giants, in favor of smaller companies offering bigger yields. It follows that KBWD tilts small. The funds dividend-centric strategy also leads to massive sector bets, as it underweights insurance companies and loads up on REITs and private equity. The index and is reconstituted and rebalanced on a quarterly basis.
Classification
What's in the fund
Exposure type
Finance
Stock breakdown by region
